DIGITAL PAYMENTS
“ The quest for seamless , secure and instantaneous transactions is pushing the boundaries of what is achievable ”
PETER WOOD CTO , SPECTRUM SEARCH
reflect the pace of our interconnected , digital world . It ’ s a hygiene factor .
“ However , the future of payments will pivot on the principle of safety . In an era marked by increasingly sophisticated cyber threats and data breaches , security is of paramount importance . Consumers want financial information protection and to know their transactions are safeguarded against unauthorised access .
“ While speed is essential , it should not come at the expense of payment security . A payment system that is both speedy and secure is the perfect solution . Technology must rise to the challenge of providing a balance between these two crucial aspects of the payment experience , but these are often treated independently .”
Peter Wood is a seasoned tech founder and current CTO at Spectrum Search , who looks at the current situation through the lens of having spent over a decade in the tech industry . He predicts : “ In a rapidly evolving digital landscape , payment technologies are undergoing an irreversible transformation . The quest for seamless , secure , and instantaneous transactions is pushing the boundaries of what is achievable .” fintechmagazine . com 97